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The average monthly rent in Memphis is up 1% compared to last month and up 1.77% year-over-year.
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4d ago
Verified
1–3 beds
1 bath
$800–$1,100
Apartment for rent
4h ago
Verified
225 Arbor Commons Cir, Memphis, TN 38120
In-unit laundry | Balcony | Swimming pool
1–3 beds
1–2 baths
$1,338–$3,611
Price drop
Apartment for rent
Available Sep 9
4h ago
Verified
8920 Walnut Grove Rd, Memphis, TN 38018
In-unit laundry | Garage parking | On-site laundry
1–3 beds
1–2 baths
$1,251–$3,156
Apartment for rent
Available Sep 9
4h ago
Verified
9135 Morning Ridge Rd, Memphis, TN 38016
In-unit laundry | On-site laundry | Balcony
1–3 beds
1–2 baths
$929–$2,529
Apartment for rent
Available Sep 9
2d ago
Verified
2059 N Cabana Cir, Memphis, TN 38107
On-site laundry | On-site management | Dishwasher
2 beds
1 bath
$709–$920
Apartment for rent
3d ago
Verified
2540 Broad Ave, Memphis, TN 38112
In-unit laundry | Swimming pool | Fitness center
Studio–2 beds
1–2 baths
$957–$2,557
Apartment for rent
4d ago
Verified
1–3 beds
1–2 baths
$699–$1,095
Apartment for rent
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5d+ ago
Verified
1–2 beds
1–2 baths
$999–$1,200
Apartment for rent
Available Sep 9
7h ago
Verified
3888 Autumn Ridge Ct, Memphis, TN 38115
In-unit laundry | On-site laundry | Balcony
2–3 beds
2 baths
$995–$1,095
Apartment for rent
On-Site Laundry
Outdoor Space
In-Unit Laundry
Dishwasher
4h ago
Verified
420 Monroe Ave, Memphis, TN 38103
In-unit laundry | Garage parking | Swimming pool
Studio–2 beds
1–2 baths
$1,033–$6,884
Apartment for rent
6h ago
Verified
1835 Union Ave, Memphis, TN 38104
In-unit laundry | Swimming pool | Fitness center
Studio–2 beds
1–2 baths
$1,190–$3,512
Apartment for rent
7h ago
Verified
One Dr. Martin Luther King Jr. Ave, Memphis, TN 38103
In-unit laundry | Air conditioning | Garage parking
Studio–2 beds
1–2 baths
$1,168–$6,887
Apartment for rent
7h ago
Verified
7 Vance Ave, Memphis, TN 38103
Fitness center | Storage | Package service
Studio–3 beds
1–3 baths
$1,285–$6,500
Apartment for rent
3d ago
Verified
125 Gayoso Ave, Memphis, TN 38103
In-unit laundry | Air conditioning | Garage parking
Studio–2 beds
1–2 baths
$1,050–$2,085
Apartment for rent
3h ago
1 bed
1 bath
$995
Apartment for rent
5h ago
775 Melrose St, Memphis, TN 38104
In-unit laundry | Air conditioning | On-site laundry
Studio–2 beds
1–2 baths
$1,099–$1,699
Apartment for rent
11h ago
Studio–1 bed
1 bath
$825–$950
Apartment for rent
11h ago
1–2 beds
1 bath
$700–$850
Apartment for rent
11h ago
1160 Jefferson Ave, Memphis, TN 38104
In-unit laundry | Hardwood floor | Controlled access
2 beds
1 bath
$950–$1,150
Apartment for rent
1d ago
560 S Jefferson Pl, Memphis, TN 38105
2 beds
2 baths
$1,100
Apartment for rent
1d ago
Apartment for rent in Memphis
1 bed
1 bath
$1,395
Apartment for rent
4d ago
Waynoka house for rent in Memphis
4 beds
3 baths
$2,550
House for rent
4d ago
2–3 beds
1–2 baths
$1,120–$1,646
Apartment for rent
4d ago
1 bed
1 bath
$695
Apartment for rent
4d ago
2 beds
2 baths
$1,399–$1,599
Apartment for rent
4d ago
1 bed
1 bath
$895
Apartment for rent
5d+ ago
Cooper Young apartment for rent in Memphis
1 bed
1 bath
$995
Apartment for rent
5d+ ago
2–3 beds
2 baths
$1,200–$1,495
Apartment for rent
5d+ ago
2 beds
1 bath
$950
Apartment for rent
5d+ ago
139 N Barksdale St, Memphis, TN 38104
In-unit laundry | Controlled access
4 beds
2 baths
$1,595
Apartment for rent
5d+ ago
House for rent in Memphis
4 beds
3 baths
$3,995
$3,795
Price drop
House for rent
5d+ ago
2 beds
1 bath
$900–$1,000
Price drop
Apartment for rent
5d+ ago
Studio–1 bed
1 bath
$800–$900
Apartment for rent
5d+ ago
2 beds
1 bath
$950–$1,099
Apartment for rent
5d+ ago
1 bed
1 bath
$1,170–$1,200
Apartment for rent
5d+ ago
1–2 beds
1–2 baths
$1,475–$1,985
Apartment for rent
5d+ ago
1 bed
1 bath
$1,009–$1,454
Apartment for rent
5d+ ago
Evergreen Historic District apartment for rent in Memphis
3 beds
2 baths
$2,300
Apartment for rent
5d+ ago
Sea Isle Park house for rent in Memphis
4 beds
2 baths
$1,850
House for rent
5d+ ago
House for rent in Memphis
3 beds
2 baths
$1,899
$1,799
Price drop
House for rent
5d+ ago
Richwood house for rent in Memphis
3 beds
3 baths
$1,649
House for rent
5d+ ago
House for rent in Memphis
3 beds
2 baths
$3,225
House for rent
5d+ ago
Alta Vista Stage house for rent in Memphis
3 beds
1 bath
$1,150
House for rent
5d+ ago
Mallard Ridge Neighborhood Watch house for rent in Memphis
3 beds
2 baths
$1,545
House for rent
5d+ ago
House for rent in Memphis
4 beds
2 baths
$2,025
House for rent
5d+ ago
Cooper Young house for rent in Memphis
3 beds
3 baths
$3,175
House for rent
5d+ ago
House for rent in Memphis
3 beds
2 baths
$1,650
House for rent
12h ago
Verified
2–4 beds
2–4 baths
$2,055–$2,681
Apartment for rent
20h ago
6500 Poplar Ave, Memphis, TN 38119
Air conditioning | On-site laundry | Concierge service
Studio
1 bath
$1,109
Apartment for rent
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"And Reverend Green, be glad to see you, when you haven't got a prayer, but boy you've got a prayer in Memphis." – Marc Cohn, "Walking in Memphis." Okay so you've got a prayer in Memphis, but now it's time to find you a heavenly apartment too! Who knows, your crib might be so poppin' that it may be visited as frequently as Graceland, the home of "the King." We've got two words to sum up Memphis: music and food. This city is filled with inexpensive hole-in-the-wall joints with finger-lickin' good BBQ ribs and fried chicken. BBQ, though traditional, is not the only fabulous food option in this city, there is also great international cuisine, and you can't miss the Memphis Farmer's Market.
The birthplace of rock and roll, downtown Memphis is buzzing, and of course Beale Street, one of the most iconic streets in America and its surrounding area is your first destination for a sweet live music scene. Don't lose that wristband, because it will get you in just about anywhere in this area. Memphis isn't a huge city or particularly difficult to navigate, so have no fear when you're exploring your new neighborhood in your blue suede shoes. With catfish on the table and gospel in the air, you simply can't help falling in love with Memphis.
Memphis rent data for:
As of today, you'll find 1,911 apartments for rent in Memphis, with a median rent price of $1,300 per month. Memphis has seen a 2%—or $24—increase in median rent price compared to the previous year.Average Rent
$1,300Year Over Year Change
2%
$24
Rentals available, last 30 days
1,911
The average rent in Memphis, TN, for rentals of all sizes and types, is $1,300, which is a 1.77% increase year-over-year.
The monthly rent for 1-bedroom apartments in Memphis, TN is about $995. The average rent for 2-bedroom apartments in Memphis, TN is $1,050, and studios are about $1,195 per month.
See more Memphis, TN rent data on our rent research page.
About Niche: Niche compiles and analyzes the latest data from public sources like the US Census Bureau and the Department of Education to generate rankings for schools and neighborhoods across the US.
Disclaimer: School ratings from Niche are intended for informational purposes only. Check with the nearby schools to verify eligibility and zoning criteria before using this data to decide on your next home.
5440 rich rd
memphis, TN, 38120
535 zach curlin
memphis, TN, 38152
3950 summer ave
memphis, TN, 38122
1950 linden ave
memphis, TN, 38104
5250 tulane rd
memphis, TN, 38109
Showing 1 - 5 of 112 results
Age Range
0-19
27%
20-34
23%
35-44
12%
45-64
23%
65+
13%
Language
English
90%
Spanish
6%
Indo Euro
0%
Asia Pac
1%
Other
1%
Education
No HS
13%
High School
54%
Bachelor's
21%
Master's
7%
Prof Degree
2%
Doctorate
1%
Household Income
0-25k
30%
25-50k
26%
50-75k
16%
75-100k
9%
100-150k
9%
150k+
7%
Memphis locals spend about 21 minutes commuting, and most drive to get to work. Residents or visitors looking to take public transit can hop on a bus or trolley run by Memphis Area Transit Authority (MATA) to navigate Memphis and nearby areas. The best way to fly in or out of Memphis is through Memphis International Airport, 14.13 miles away.
Scores for Memphis are calculated based on the proximity to and amount of infrastructure supporting each method of transportation.
We surveyed 10,000 renters across the country about what it's like living in their cities and neighborhoods. In Memphis, 52% of residents reported feeling satisfied or very satisfied with the city overall, which is lower than the national average of 60%.
Top Three Reasons to Live in Memphis
Pet friendly
64%Satisfaction rating
Parks & recreation
49%Satisfaction rating
Public transportation
45%Satisfaction rating
Other Things to Consider
Data last updated in 2024. Do you live here? Take our survey and share your experience.
How we got this dataThe overall cost of living in Memphis, TN is 10% lower than the national average, according to the Cost of Living Index published by the Council for Community and Economic Research. This is calculated by comparing several expenses, including food and basic necessities like energy and healthcare. When it comes to comparing these expenses to the rest of the country, in Memphis you can expect groceries to cost less than the national average, and healthcare to cost less. Eggs run about $3.47 per carton, and milk $4.67. Regarding healthcare costs, a doctor’s visit could amount to $112.80 on average—but this will likely vary depending on several factors, including insurance and medical specialty.
CATEGORY | AVERAGE COST COMPARED TO NATIONAL AVERAGE |
---|---|
Goods & Services | 8% lower |
Groceries | 1% lower |
Utilities | 19% lower |
Transportation | 11% lower |
Health | 14% lower |
CATEGORY
Goods & Services
AVERAGE COST COMPARED TO NATIONAL AVERAGE
CATEGORY
Groceries
AVERAGE COST COMPARED TO NATIONAL AVERAGE
CATEGORY
Utilities
AVERAGE COST COMPARED TO NATIONAL AVERAGE
CATEGORY
Transportation
AVERAGE COST COMPARED TO NATIONAL AVERAGE
CATEGORY
Health
AVERAGE COST COMPARED TO NATIONAL AVERAGE
Residents of Memphis, TN appreciate the city's rich music scene and cultural diversity, with many enjoying the vibrant nightlife and numerous festivals. The presence of local restaurants and unique culinary offerings is often highlighted, giving a strong sense of local flavor. While many neighborhoods are seen as friendly and welcoming, some residents express concerns about crime rates and parking challenges in certain areas. Public schools receive a mix of feedback, appreciated by some but viewed as needing improvement by others. Overall, daily life in Memphis reflects a balance of vibrant activities and some livability challenges.
The average rent for a 1-bedroom apartment in Memphis, TN is approximately $1,049, while a 2-bedroom apartment averages around $1,041.
Overall, rent prices in Memphis have decreased by about 2%. Specifically, the cost for 1-bedroom apartments decreased slightly by less than 1%, and 2-bedroom apartments saw a decrease of about 2%.
December is considered the least competitive month for renting in Memphis, making it a good time to find deals, as there is less demand compared to available inventory.
Some of the best neighborhoods for social living include Victorian Village, Central Gardens, New Pathways, and South Main Historic District, known for their high walk scores and proximity to restaurants.
While popular neighborhoods like Southeast Memphis, Springhill Community Civic Club, and Binghampton-Lester have high interest, Memphis offers a range of affordable options across different areas, making it worthwhile for budget-conscious renters to explore various neighborhoods.
Yes, Memphis is quite pet-friendly, with about 63.95% of listings allowing pets, making it a great choice for renters with furry friends.
Only about 5% of rental listings in Memphis include utilities in the rent.
Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2024 rental inventory and prices.
Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.
Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.
🔑Available apartment rentals | 3,892 |
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